New diamond chip resistors have been used in high-power devices widely due to excellent heat dissipation and high-frequency performance. However, systematic research about their solder joint reliability is rare. In this paper, a related study was conducted by combining methods between numerical analysis and laboratory reliability tests. In detail, the shape simulation and thermal cycling finite element simulation for solder joints with different volumes were carried out. The optimized solder volume was 0.05 mm3, and the maximum thermal cycling stress under the optimized shape was 38.9 MPa. In addition, the thermal cycling tests with current and high temperature storage tests were carried out for the optimized solder joint, which showed good agreement with the simulation results, clarified the growth and evolution law of intermetallic compound at the interconnection interface, and proved the optimized solder joint had great anti-electromigration, temperature cycling and high temperature storage reliability. In this work, an optimized solder joint structure of a diamond chip resistor with high reliability was finally obtained, as well as providing considerable reliability data for the new type of diamond chip resistors, which would boost the development of power devices.